Zuraida: 10 Local banks take the initiative, to help promote affordable housing plans Msia

With eight Chinese companies preparing to enter the construction industry in Malaysia, they have promised to provide housing loans to low-income groups in China. The Minister of Housing and Local Government Zuraida pointed out that there are also 10 local banks that have made recommendations to the Ministry and expressed their willingness to Ways to assist the government in implementing the affordable housing program goals.

Zuraida said at a press conference on the Speed ​​Home platform launching ceremony that the government is pleased with the recommendations made by local banks. After all, affordable housing plans require the cooperation of banks and financial companies to a large extent.

She revealed that there are currently five banks that are willing to assist the government in promoting the “lease before buying” program, including Allianz Bank, Islamic Bank, Malayan Bank, and Affin Bank. With the support of these banks, and the introduction of a more attractive loan package by Cagamas Berhad, it will be of great help to the government.


Asked whether the local bank made the above suggestions because of pressure from Chinese companies. Zuraida explained that as the government wants to build 1 million affordable housing within 10 years, there are many potential buyers in the market. I believe local banks want to Seize the market share, so take the initiative to cooperate with the government.

She mentioned that although the recommendations made by local banks are not the same as those of Chinese companies, the government is still acceptable. She also welcomes the participation of various financial institutions and companies to contribute to the provision of loans.